DGR (ASX) SOLGOLD

Originally posted by waiken ↑

I agree ARSENIC that Cascabel is a gem
The PFS is an independent validation of what will be a top 20 global cu au ag mine. Ive listed the independent writers of the PFS below.
The shorters and market manipulators now have their pants down. SOLG can only go up from here. It may be days or it could be a year depending on the arrival of takeover bids, geopolitics, interest rates and market vagaries.
Ive also copied below highlights from the PFS.

This is one of 72 concessions. It has been posited that 12 could be tier one projects. BHP are starting to overplay their hand with SOLG.

The Qualified Persons for the “Cascabel Project, Ecuador, NI43-101 Technical Report on Pre-Feasibility
Study”, that has an effective date of 31 March 2022, are detailed in the table below.
Category Name Company
Mineral Resource Estimate Cecilia Artica, BSc MSc RMSME (formerly) Mining Plus
Mineral Reserve Estimate Aaron Spong, BEng FAusIMM CP
(Min)
Mining Plus
Environment, Social,
Tailings & Water
Tim Rowles, BSc MSc FAusIMM CP
RPEQ
Knight Piésold Pty Ltd
Metallurgy Peter Gron, BSc FAusIMM Wood plc
Process Plant &
Infrastructure
Steve Klose, BEng MSc FAusIMM Wood plc
Financial Evaluation Kirk Hanson, MBA PE Wood plc
Marketing Christopher Heath, BSc Hons PhD
FAusIMM
Wood Mackenzie

KEY HIGHLIGHTS Estimated US$5.2bn pre-tax Net Present Value (“NPV” and 25.3% Internal Rate of Return (“IRR”Estimated US$2.9bn after-tax NPV, 19.3% IRR and 4.7 year payback period from start of processing After-tax NPV would be US$4.1bn (US$7.9bn pre-tax) and IRR 23.4% (30.5% pre-tax) at current spot commodity prices Estimated average production of 132ktpa of copper, 358kozpa of gold and 1Mozpa of silver – 212ktpa copper equivalent (“CuEq” – with peak copper production of 210ktpa (391ktpa CuEq)Initial project Life-of-Mine (“LOM” All-In-Sustaining Cost (“AISC” of US$0.06/lb of copper, placing Cascabel well within the first decile of the copper industry cost curve On achieving nameplate capacity, average of approximately 190ktpa of copper, 680kozpa of gold and 1.3Mozpa of silver (>330ktpa CuEq) over initial 5 years at an average negative AISC of US$(1.38)/lb Estimated pre-production capital expenditure of US$2.7bn for the initial cave development, first process plant module and infrastructure Initial Mineral Reserve of 558Mt containing 3.3Mt Cu @ 0.58%, 9.4Moz Au @ 0.52g/t and 30Moz Ag @ 1.65g/t over an initial 26-year mine life Potential mine life upside in excess of 50 years following initial LOM Annual after-tax free cash flow (“FCF” to average US$740m, peaking at over US$1.6bnAverage annual EBITDA of nearly US$1.2bn, peaking at over US$2.4bnAdditional optimisations being progressed for a PFS Addendum planned for completion in H2 CY22Cascabel project Definitive Feasibility Study (“DFS” planned for completion in H2 CY23

SolGold's MD & CEO, Darryl Cuzzubbo, commented on the PFS:“I am extremely pleased to announce the results of the pre-feasibility study for the proposed Cascabel mine in Ecuador. In essence, it supports what we have believed all along – that this project is no ordinary mining asset. Cascabel will be a significant, multi-decade and very low cost producer of copper that can help enable Ecuador’s emergence as the next copper frontier at a time when the world needs copper the most as we transition to a net zero carbon emissions future. This project is economically attractive and based upon assumptions that we believe can be delivered upon. There is further upside that will be explored over the coming months and the next phase of the project as we seek the necessary Government approvals to move into early works and execution.

Expand

https://www.bnamericas.com/en/news/ecuador-signs-us466mn-investment-contracts-for-major-mines

Hmm !

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Last 1.0¢		Change 0.000(0.00%)		Mkt cap ! $10.43M

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1.0¢	1.0¢	1.0¢	$990	99.00K

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SOLGOLD, page-773

Top Stories

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

Fast-track assaying yields 182 g/t gold for iTech at new NT play

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Saturn’s stars have aligned for the gold explorer’s Apollo Project

Climate change to drive market trends to the moon

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